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Pin to quick picksAscential Share News (ASCL)

Share Price Information for Ascential (ASCL)

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Share Price: 312.20
Bid: 311.00
Ask: 312.00
Change: -5.80 (-1.82%)
Spread: 1.00 (0.322%)
Open: 315.00
High: 316.00
Low: 310.00
Prev. Close: 318.00
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Ascential declares maiden dividend as events drive first half growth

Mon, 01st Aug 2016 10:07

(ShareCast News) - Ascential, the publishing and events business spun off by the Guardian in February, posted solid results in its seasonally stronger first half of the year as strong events growth made up for a flatter publishing arm.Results were pretty much as the market expected, with a maiden interim dividend of 1.5p per share slightly ahead of forecasts, management said the level of forward bookings gave confidence that full year targets will be hit.In a period that included its prestigious annual Cannes Lions advertising festival and the launch of the Money20/20 Europe event, Ascential grew revenues 13.5% on a reported basis to £202.5m or, if taking out effects of currencies and the timings of events, acquisitions and disposals, revenue grew 8.8%.On this 'organic' basis and also excluding planned declines in print advertising, revenues increased 10.1%.The events are enjoyed organic revenue growth of 15.3% to £119.1m, with adjusted EBITDA up 14.5% to £53.5m on an organic basis.Information services, which includes fashion trend forecasting unit WGSN and environmental and flood search specialist Groundsure, grew revenue just 0.7% on an organic basis to £83.4m and with margins remaining strong EBITDA grew 5.9% on an organic basis to £20.1mInformation services grew 3.2% if the ongoing retreat in print advertising is taken out, with print advertising now representing less than 3% of group revenues over the last 12 months, down from more than 4% at June 2015.At a group level, reported operating profit was up 39.3% to £39.7m, or up 27.7% to £59.9m if adjusted for exceptional items, amortisation, impairment of tangible and intangible fixed assets and share-based payments.Strong free cash flow of £58.7m meant the ratio of net debt to EBITDA was down to 1.9x."Based on the level of our forward bookings we are confident that we will achieve our full year expectations," said chief executive Duncan Painter."Whilst economic uncertainty has been increased by the UK's decision to leave the European Union, our currency mix, market-leading brands, low dependency on advertising and our majority international customer base, provide us a level of protection against this risk."House broker Numis nudged its forecasts higher, increasing its 2016 pre-tax profit to £75.2m from £72.1m and earnings per share to 15p from 14.4p, with 2017 PBT/EPS up to £84m/16.4p from £80.8m/15.8p.
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25 Jan 2023 07:55

LONDON BRIEFING: UK producer price inflation cools in December

(Alliance News) - Stocks in London were called flat on Wednesday, as new data showed producer price inflation is easing in the UK.

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25 Jan 2023 07:54

Ascential FY seen ahead of market views; to separate digital assets

(Sharecast News) - Ascential said on Wednesday that full-year revenues and adjusted EBITDA were set to be ahead of market expectations, as it announced the separation of its digital assets.

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24 Jan 2023 09:33

LONDON BROKER RATINGS: Davy raises DS Smith; Panmure cuts Unite Group

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

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5 Oct 2022 10:12

LONDON BROKER RATINGS: Deutsche Bank cuts Ascential to 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

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5 Oct 2022 07:42

LONDON BRIEFING: Stocks called lower; Tesco profit hit by impairment

(Alliance News) - Stocks in London were called lower on Wednesday, ahead of UK Prime Minister Liz Truss' keynote speech at the Conservative Party conference, and a key meeting of the world's oil-producing nations.

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2 Oct 2022 16:23

Sunday newspaper round-up: British Steel, Takeovers, Credit Suisse

(Sharecast News) - Jingye Group, the Chinese outfit that brought British Steel out of insolvency in 2020, has told ministers that its two blast furnaces would not be viable unless financial support from taxpayers was forthcoming. In remarks to Sky News, insiders said the company may need "hundreds of millions of pounds" in order to keep the company's blast furnaces in Scunthorpe, north Lincolnshire, operational. It remained nevertheless unclear whether the rescue package would take the form of a grant or loan. - Sunday Telegraph

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16 Sep 2022 09:44

LONDON BROKER RATINGS: Goldman Sachs cuts Landsec and British Land

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

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15 Sep 2022 10:00

TOP NEWS: THG shares fall as cuts earnings guidance, changes directors

(Alliance News) - THG PLC on Thursday cut its earning guidance for 2022 despite narrowing its interim loss, amid a board shake-up as two directors left and two joined.

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8 Sep 2022 09:22

LONDON BROKER RATINGS: Morgan Stanley cuts ITV to 'underweight'

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:

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3 Aug 2022 10:10

LONDON BROKER RATINGS: Macquarie ups Virgin Money; Citi cuts Centrica

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

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1 Aug 2022 17:06

LONDON MARKET CLOSE: Stocks down as Speaker Pelosi begins Asia trip

(Alliance News) - Stocks in London ended lower on Monday as US House Speaker Nancy Pelosi kicked off an Asia tour that has been shrouded in secrecy following an escalation in tensions with China over Taiwan.

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1 Aug 2022 11:09

Revenue up, operating losses widen at Ascential

(Sharecast News) - Information, analytics and e-commerce services company Ascential reported first-half results in line with market expectations on Monday, with revenue rising to £260.7m from £154.3m, although its reported losses widened.

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1 Aug 2022 10:07

Ascential shares down as interim loss widens despite surge in revenue

(Alliance News) - Ascential PLC on Monday reported double-digit revenue growth in all its segments in the first half of 2022, in line with expectations, but suffered a widened interim loss.

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1 Aug 2022 07:48

LONDON MARKET PRE-OPEN: Pearson profit up; JD Sports shifts Footasylum

(Alliance News) - Stock prices in London are seen starting the new week on the back foot, after manufacturing data from China disappointed.

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25 Jul 2022 15:59

UK earnings, trading statements calendar - next 7 days

Tuesday 26 July 
Aberforth Smaller Companies Trust PLCHalf Year Results
Ascential PLCHalf Year Results
Bytes Technology Group PLCTrading Statement
Capital & Counties Properties PLCHalf Year Results
Cohort PLCFull Year Results
Compass Group PLCTrading Statement
Dotdigital Group PLCTrading Statement
Drax Group PLCHalf Year Results
easyJet PLCTrading Statement
Ergomed PLCTrading Statement
Franchise Brands PLCHalf Year Results
Games Workshop Group PLCFull Year Results
Gore Street Energy Storage Fund PLCFull Year Results
Greencore Group PLCQ3 Results
John Menzies PLCTrading Statement
Medica Group PLCTrading Statement
Mitie Group PLCTrading Statement
NewRiver REIT PLCTrading Statement
Playtech PLCTrading Statement
Reach PLCHalf Year Results
Ricardo PLCTrading Statement
Sabre Insurance Group PLCHalf Year Results
SME Credit Realisation Fund LtdFull Year Results
Trifast PLCFull Year Results
Tyman PLCHalf Year Results
Unilever PLCHalf Year Results
Vivo Energy PLCHalf Year Results
Wickes Group PLCTrading Statement
Wednesday 27 July 
Aptitude Software Group PLCHalf Year Results
BlackRock Energy & Resources Income Trust PLCHalf Year Results
Breedon Group PLCHalf Year Results
British American Tobacco PLCHalf Year Results
FirstGroup PLCTrading Statement
Fresnillo PLCQ2 Production Results
GSK PLCHalf Year Results
Hargreaves Services PLCFull Year Results
Hiscox LtdTrading Statement
Ibstock PLCHalf Year Results
International Personal Finance PLCHalf Year Results
Lancashire Holdings LtdHalf Year Results
Lloyds Banking Group PLCHalf Year Results
Marston's PLCTrading Statement
Motorpoint Group PLCTrading Statement
musicMagpie PLCHalf Year Results
Nichols PLCHalf Year Results
Primary Health Properties PLCHalf Year Results
Quartix Technologies PLCHalf Year Results
Reckitt Benckiser Group PLCHalf Year Results
Rio Tinto PLCHalf Year Results
Smart Metering Systems PLCHalf Year Results
Smurfit Kappa Group PLCHalf Year Results
Ted Baker PLCTrading Statement
Unite Group PLCHalf Year Results
Wizz Air Holdings PLCQ1 Results
Yourgene Health PLCFull Year Results
Thursday 28 July 
Airtel Africa PLCTrading Statement
Anglo American PLCHalf Year Results
Aveva Group PLCTrading Statement
BAE Systems PLCHalf Year Results
Barclays PLCHalf Year Results
Bodycote PLCHalf Year Results
BT Group PLCQ1 Results
Centrica PLCHalf Year Results
CVS Group PLCTrading Statement
De La Rue PLCTrading Statement
Diageo PLCFull Year Results
discoverIE Group PLCTrading Statement
Dr Martens PLCTrading Statement
Elementis PLCHalf Year Results
FDM Group PLCHalf Year Results
Forterra PLCHalf Year Results
Foxtons Group PLCHalf Year Results
GB Group PLCTrading Statement
Greencoat UK Wind PLCHalf Year Results
Hammerson PLCHalf Year Results
Headlam Group PLCTrading Statement
Inchcape PLCHalf Year Results
Indivior PLCHalf Year Results
Informa PLCHalf Year Results
ITV PLCHalf Year Results
Jupiter Fund Management PLCHalf Year Results
Logistics Development Group PLCTrading Statement
Metro Bank PLCHalf Year Results
Mitchells & Butlers PLCTrading Statement
Mortgage Advice Bureau (Holdings) PLCTrading Statement
Mothercare PLCFull Year Results
MySale Group PLC Trading Statement
National Express Group PLCHalf Year Results
Quixant PLCTrading Statement
Rathbones Group PLCHalf Year Results
Relx PLCHalf Year Results
Rentokil Initial PLCHalf Year Results
Restore PLCHalf Year Results
Robert Walters PLCHalf Year Results
Schroders PLCHalf Year Results
Segro PLCHalf Year Results
Shell PLCHalf Year Results
Smith & Nephew PLCHalf Year Results
St James's Place PLCHalf Year Results
Vesuvius PLCHalf Year Results
Volex PLCHalf Year Results
Weir Group PLCHalf Year Results
Friday 29 July 
Allianz Technology Trust PLCHalf Year Results
Aston Martin Lagonda Global Holdings PLCHalf Year Results
AstraZeneca PLCHalf Year Results
Babcock International Group PLCFull Year Results
CMC Markets PLCTrading Statement
Croda International PLCHalf Year Results
Glencore PLCTrading Statement
IMI PLCHalf Year Results
Impellam Group PLCHalf Year Results
Industrials REIT LtdTrading Statement
International Consolidated Airlines Group SAHalf Year Results
Intertek Group PLCHalf Year Results
Law Debenture Corp PLCHalf Year Results
Morgan Advanced Materials PLCHalf Year Results
NatWest Group PLCHalf Year Results
Premier Miton Global Renewables Trust PLCHalf Year Results
Rightmove PLCHalf Year Results
Shearwater Group PLCFull Year Results
Standard Chartered PLCHalf Year Results
Walker Crips Group PLCFull Year Results
YouGov PLCTrading Statement
Monday 1 August 
Ascential PLCHalf Year Results
Cranswick PLCQ1 Results
Dialight PLCHalf Year Results
GlobalData PLCHalf Year Results
HSBC Holdings PLCHalf Year Results
Hutchmed (China) LtdHalf Year Results
NAHL Group PLCTrading Statement
Pearson PLCHalf Year Results
Spectris PLCHalf Year Results
  
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